Wingstop Inc. (NASDAQ:WING) Stock Position Cut by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its holdings in shares of Wingstop Inc. (NASDAQ:WING - Free Report) by 54.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,138 shares of the restaurant operator's stock after selling 7,192 shares during the period. BNP Paribas Financial Markets' holdings in Wingstop were worth $1,744,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Wingstop by 521.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 87 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Wingstop by 62.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 91 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 35 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Wingstop during the fourth quarter worth about $30,000. V Square Quantitative Management LLC increased its stake in shares of Wingstop by 34.9% during the 4th quarter. V Square Quantitative Management LLC now owns 143 shares of the restaurant operator's stock valued at $41,000 after acquiring an additional 37 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Wingstop during the 4th quarter worth about $41,000.

Wingstop Stock Down 1.6%

Shares of NASDAQ:WING traded down $5.30 during trading on Wednesday, hitting $322.48. 648,883 shares of the company traded hands, compared to its average volume of 619,929. The business's fifty day moving average is $243.44 and its 200-day moving average is $275.34. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 86.92, a PEG ratio of 2.27 and a beta of 1.80. Wingstop Inc. has a one year low of $204.00 and a one year high of $433.86.

Wingstop (NASDAQ:WING - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.15. Wingstop had a negative return on equity of 21.59% and a net margin of 17.37%. The business had revenue of $171.09 million during the quarter, compared to analyst estimates of $172.25 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The business's revenue for the quarter was up 17.4% compared to the same quarter last year. On average, analysts forecast that Wingstop Inc. will post 4.18 EPS for the current year.

Wingstop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.08 annualized dividend and a dividend yield of 0.33%. Wingstop's dividend payout ratio is currently 18.09%.

Insider Buying and Selling

In other news, SVP Raj Kapoor sold 637 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $273.07, for a total transaction of $173,945.59. Following the completion of the transaction, the senior vice president now directly owns 517 shares in the company, valued at approximately $141,177.19. The trade was a 55.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WING. Cowen reaffirmed a "buy" rating on shares of Wingstop in a research note on Thursday, May 1st. Morgan Stanley reduced their target price on Wingstop from $389.00 to $375.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus dropped their price target on Wingstop from $375.00 to $350.00 and set a "buy" rating for the company in a research note on Friday, February 28th. TD Securities raised their price objective on Wingstop from $310.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, May 14th. Finally, Raymond James reiterated an "outperform" rating and set a $330.00 target price (down previously from $375.00) on shares of Wingstop in a report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $331.78.

Wingstop Profile

Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.